Medavakkam: Good infrastructure fuels rise as popular residential locality

Medavakkam
is a popular residential area located in Southern Chennai and adjacent to the
suburbs of Tambaram, Madipakkam, Sholinganallur and Velachery.Medavakkam, due
to its close proximity to the IT Corridor OMR (4km from Sholinganallur) and SEZ
in Medavakkam-Sholinganallur Road), is a fast developing residential locality
comprised mainly of IT employees. This has resulted in increased real estate
values.

Source: thehindu.com

6th best investment destination

Medavakkam comes under the Sholinganallur MLA Constituency,
and is governed under a village panchayat administration. A 2012 report said
the neighbourhood was India’s sixth largest destination for investment in
residential real estate among the list of top 13 places in India. Medavakkam is
easily accessible from important areas like Chromepet, Pallavaram
and St Thomas Mount. Good infrastructure like excellent groundwater facilities
makes Medavakkam a highly desirable to reside in.

Connectivity

The
ChennaiInternational Airport is 16km from Medavakkam. The Chennai Central
railways station is 27km from here. It is well-connected by road and rail. Metropolitan
Transport Corporation (MTC) buses are a major mode of transport. They run from
Medavakkam to all parts of the city. The major roads linking Medavakkam
junction are Velachery Tambaram Road, MedavakkamMambakkam Main Road and
MedavakkamSholinganallur Road. The Tambaram-Velachery main road passes through
Medavakkam. The locality has frequent train service with Velachery MRTS station
and Tambaram railway station located about 8km from here.

Education& Health

Medavakkam housesmany
schools and colleges. Some of the schools in and around the locality include
St. Joseph’s Matriculation School, KendriyaVidyalaya, St John’s School, and Zigma
Matriculation School. There are good hospitals and medical centres like Global
Health Cityand Annai Theresa Hospital located in Medavakkam.

Real estate value

The
average price is Rs 4,500 per sq. ft for apartments and Rs 6,000 per sq. ft. for villas.

Places to visit

The
famous places in the locality include the Nanmangalam Reserve Forest, Nesavalar
Nagar Lake and Sendur Gardens. The Nanmangalam Reserve Forest is located
between Tambaram and Velachery and is home to 85 species of birds like
red-wattled lapwing, crested honey buzzard and Indian eagle-owl. The forest is
understandably popular among bird watchers.

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Article written by: Anita Kurup

Anita is a content professional
for the past 15 years and has worked in both traditional and digital media. She
transitioned to digital media early on in its advent in India. She will never
say no to toddler-proof keyboards and caffeine.